Costa Rica: Fuel Filter Market 2024

Fuel Filter Market Size in Costa Rica

The Costa Rican fuel filter market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, saw a buoyant expansion. Fuel filter consumption peaked in 2022 and is expected to retain growth in years to come.

Fuel Filter Production in Costa Rica

In value terms, fuel filter production declined to $X in 2022 estimated in export price. Over the period under review, production, however, showed a resilient increase. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Fuel filter production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Fuel Filter Exports

Exports from Costa Rica

For the third consecutive year, Costa Rica recorded decline in overseas shipments of oil or petrol-filters for internal combustion engines, which decreased by X% to X units in 2022. In general, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fuel filter exports shrank sharply to $X in 2022. Over the period under review, exports saw a significant decline. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Peru (X units) and Panama (X units) were the main destinations of fuel filter exports from Costa Rica, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) emerged as the key foreign market for oil or petrol-filters for internal combustion engines exports from Costa Rica, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and the United States (X% per year).

Export Prices by Country

The average fuel filter export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price enjoyed buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fuel Filter Imports

Imports into Costa Rica

Fuel filter imports into Costa Rica declined to X units in 2022, waning by X% compared with the previous year's figure. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, fuel filter imports amounted to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and Japan (X units) were the main suppliers of fuel filter imports to Costa Rica, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X), China ($X) and Japan ($X) were the largest fuel filter suppliers to Costa Rica, together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fuel filter import price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per unit) and the United States ($X per unit), while the price for Italy ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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